Examlex
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Legally Sufficient Consideration
A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.
Legally Sufficient
This refers to a condition or document meeting all legal requirements and standards to be considered valid or enforceable.
Consideration
Consideration in contract law refers to something of value promised to another when making a contract, which can be a service, money, or an object.
Bilateral Contract
A type of contract involving two parties where each party makes a promise or set of promises to the other.
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